Key Details
Price
$193.00Annual ROE
13.27%Beta
0.97Events Calendar
Next earnings date:
Feb 27, 2025Recent quarterly earnings:
Oct 29, 2024Recent annual earnings:
Feb 27, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
N/ANext split:
N/ARecent split:
N/AAnalyst ratings
Recent major analysts updates
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Seaport analyst Tom Curran has changed his rating for the solar technology company from Neutral to Buy.
Lately, users of Zacks.com have been very interested in First Solar (FSLR). This interest prompts a closer look at what the stock might offer.
First Solar is currently seen as undervalued because of concerns about the potential repeal of the IRA and excess supply from China, but the long-term outlook for renewable energy suggests strong earnings growth. The estimated fair value for FSLR is $406.80, based on an expected earnings per share of $18.00 in 2026 and a price-to-earnings ratio of 22.6. Additionally, FSLR's CdTe modules provide a longer lifespan and lower costs than c-Si, and there are ongoing improvements in perovskite research that could enhance efficiency in the future.
Even though First Solar (FSLR) stock rose by as much as 6% during Monday's trading, it is still 37% below its 52-week high of over $300 per share from last June.
First Solar (FSLR) closed at $186.43 on the most recent trading day, showing a slight decrease of 0.02% from its previous closing price.
Users of Zacks.com have been paying a lot of attention to First Solar (FSLR) lately. Therefore, it's important to understand the key information that could influence the stock's future.
First Solar's special CdTe technology provides better efficiency in hot weather, has a smaller carbon footprint, and decreases the need for polysilicon, making it a good investment choice. The company's production in the U.S. takes advantage of the Inflation Reduction Act and avoids tariffs from China, giving it a competitive advantage in the local market. With a strong backlog of orders, the company is set for steady income until 2030, as the demand for sustainable energy increases the value of utility-scale projects to $21.7 billion.
Recently, First Solar (FSLR) has gained a lot of interest from users on Zacks.com. As a result, it's important to understand the factors that could affect the stock's future performance.
First Solar (FSLR 1.46%) is considered one of the top companies in the solar sector. However, after a successful few years, the company is now seeing a decrease in its backlog, and its profits might be affected by cuts in subsidies.
FSLR has a strong backlog until 2030 and a strategic manufacturing presence in the US, which supports its investment case despite uncertainties in US renewable policies and issues with polysilicon dumping. The increasing demand for its cadmium tellurium panels is shown by the rise in thin film module installations in the US utility sector in 2023. Additionally, FSLR aims to increase its average selling prices with its next-generation CuRe product, which could lead to more revenue in the coming years.
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